ABB, a power and automation technology group, announced it has been ranked the No.1 Enterprise Asset Management (EAM) software supplier across Asia and Latin America by ARC Advisory Group, a leading research and advisory firm.

In addition to this, ABB was also ranked No.1 in worldwide in power generation, transmission and mining sectors.

These findings are part of ARC’s comprehensive market and technology analysis entitled “Enterprise Asset Management and Field Service Management Solutions Worldwide Outlook.”

EAM solutions facilitate the management of an organization’s fleet of physical assets over their entire lifecycle, from design and production, through commissioning, operations and maintenance, to decommissioning and recycling.

By managing these aspects on a company-wide basis, organizations can reduce downtime, optimize investment and maintenance costs and extend the operational life of installations, thereby enhancing operational performance and minimizing total cost of ownership.

The awards recognized two companies acquired by ABB over the past few months. Mincom, acquired by ABB in July 2011, was ranked the leading global EAM supplier to the mining and minerals, and electricity transmission and distribution sectors. The company was also ranked second EAM provider to the aerospace and defense sector. Additionally Mincom was named the leading EAM provider in Asia and Latin America.

Ventyx, acquired by ABB in June 2010, gained the second position among EAM vendors serving the global electric power generation, refining, and water and wastewater sectors. The company has also been rated the second-leading EAM market leader in North America.

Combining the businesses of Mincom and Ventyx, ABB is now ranked the world’s largest supplier of EAM to the electric power generation market.

“The addition of market-leading solutions from Ventyx and Mincom to our existing offering provides ABB with an unparalleled portfolio of enterprise asset management solutions,” said Jens Birgersson, head of the Network Management business, a part of ABB’s Power Systems division, in a statement. “These solutions are aimed at enhancing asset health and productivity, and improving the overall business performance of customers.”

According to Ralph Rio, ARC’s author of the study, the products from Mincom and Ventyx complement across many key industries and geographies. “The combination of these two impressive vendors has catapulted ABB into a leadership position for EAM solutions across many significant segments.”

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.